OPEN-SOURCE SCRIPT
Zaktualizowano Volume-Weighted RSI & Multi-Normalized MACD
### Description for Publishing: Volume-Weighted RSI & Multi-Normalized MACD
**Overview**
The "Volume-Weighted RSI & Multi-Normalized MACD" indicator is a powerful and versatile tool designed for traders seeking enhanced momentum and trend analysis. Combining a volume-weighted Relative Strength Index (VW-RSI) with a customizable Moving Average Convergence Divergence (MACD) featuring multiple normalization methods, this indicator provides deep insights into market dynamics. It supports multi-timeframe (MTF) analysis and includes an optional stepped plotting mode for discrete signal visualization, making it ideal for both trend-following and mean-reversion strategies across various markets (stocks, forex, crypto, etc.).
**Key Features**
1. **Volume-Weighted RSI (VW-RSI)**:
- A modified RSI that incorporates trading volume for greater sensitivity to market activity.
- Normalized to a user-defined range (default: -50 to +50) for consistent analysis.
- Optional smoothing with multiple moving average types (SMA, EMA, WMA, VWMA, SMMA, or SMA with Bollinger Bands) to reduce noise and highlight trends.
- Overbought (+20) and oversold (-20) levels for quick reference.
2. **Multi-Normalized MACD**:
- Offers six normalization methods for MACD, allowing traders to tailor the output to their strategy:
- Normalized Volume Weighted MACD (unbounded).
- Min-Max Normalization (bounded).
- Volatility Normalization (unbounded, volatility-adjusted).
- Volatility Normalization with Min-Max (bounded).
- Hyperbolic Tangent Normalization (bounded).
- Arctangent Normalization (bounded).
- Min-Max with Smoothing (bounded).
- All bounded methods scale to the user-defined range (default: -50 to +50), ensuring comparability with VW-RSI.
- Dynamic color changes for MACD line (lime/red) and histogram (aqua/blue/red/maroon) based on momentum and signal line crosses.
3. **Stepped Plotting Mode**:
- Optional mode to plot RSI and MACD as discrete, stepped lines, reducing noise by only updating when values change significantly (configurable thresholds).
- Ideal for traders focusing on clear, actionable signal changes.
4. **Multi-Timeframe Support**:
- Configurable timeframe input (default: chart timeframe) for analyzing RSI and MACD on higher or lower timeframes, enhancing cross-timeframe strategies.
5. **Customizable Display**:
- Toggle options to show/hide MACD line, signal line, histogram, and cross dots.
- Bollinger Bands for RSI smoothing (optional) with adjustable standard deviation multiplier.
- Clear visual cues with horizontal lines for overbought/oversold levels, midline, and MACD bounds.
**Usage Instructions**
1. **Add to Chart**: Apply the indicator to any symbol (e.g., BTCUSD, SPY) on any timeframe (1H, 1D, etc.).
2. **Configure Settings**:
- **General**: Adjust `Lower Bound` (-50 default) and `Upper Bound` (+50 default) for the output range. Set `Timeframe` for MTF analysis. Enable `Stepped?` for discrete plotting.
- **RSI**: Choose `Price Source` (default: ohlc4), `RSI Length` (default: 9), and smoothing options (e.g., EMA, Bollinger Bands). Adjust `RSI Diff Threshold` for stepped mode.
- **MACD**: Select `Price Source`, `Fast Length` (9), `Slow Length` (21), `Signal Length` (9), and a normalization method (default: Volatility Min-Max). Adjust `MACD Diff Threshold` for stepped mode.
- **Display Options**: Toggle MACD components and histogram colors for clarity.
3. **Interpretation**:
- **VW-RSI**: Watch for crosses above +20 (overbought) or below -20 (oversold) for potential reversals. Use smoothed RSI or Bollinger Bands for trend confirmation.
- **MACD**: Look for MACD/Signal line crosses (dots indicate crossings) and histogram changes for momentum shifts. Bounded normalizations align with RSI for unified analysis.
- **Stepped Mode**: Focus on significant changes in RSI/MACD for clearer signals.
4. **Companion Overlay**: For visualization on the main price chart, use the companion script "VW-RSI & MACD Price Overlay" (available separately, requires this script to be published). It plots RSI and MACD as price-scaled echo lines, with toggles to show/hide and customizable scaling (high/low or ATR).
**Who Is This For?**
- **Trend Traders**: Use MACD normalizations and MTF to identify momentum shifts across timeframes.
- **Mean-Reversion Traders**: Leverage VW-RSI’s overbought/oversold signals for entry/exit points.
- **Technical Analysts**: Customize normalization and smoothing to match specific market conditions.
- **All Markets**: Works on stocks, forex, cryptocurrencies, and more, with any timeframe.
**Notes**
- Unbounded MACD normalizations (`enable_nvw`, `enable_vol`) may produce values outside -50/+50, suitable for volatility-focused strategies.
- For price chart overlay, publish this script and use its ID in the companion script’s `request.security` call.
- Adjust scaling inputs in the companion script for optimal visualization on volatile or stable assets.
**Author’s Note**
Developed by NEPOLIX, this indicator combines volume-weighted precision with flexible normalization for robust technical analysis. Feedback and suggestions are welcome to enhance future versions!
**Overview**
The "Volume-Weighted RSI & Multi-Normalized MACD" indicator is a powerful and versatile tool designed for traders seeking enhanced momentum and trend analysis. Combining a volume-weighted Relative Strength Index (VW-RSI) with a customizable Moving Average Convergence Divergence (MACD) featuring multiple normalization methods, this indicator provides deep insights into market dynamics. It supports multi-timeframe (MTF) analysis and includes an optional stepped plotting mode for discrete signal visualization, making it ideal for both trend-following and mean-reversion strategies across various markets (stocks, forex, crypto, etc.).
**Key Features**
1. **Volume-Weighted RSI (VW-RSI)**:
- A modified RSI that incorporates trading volume for greater sensitivity to market activity.
- Normalized to a user-defined range (default: -50 to +50) for consistent analysis.
- Optional smoothing with multiple moving average types (SMA, EMA, WMA, VWMA, SMMA, or SMA with Bollinger Bands) to reduce noise and highlight trends.
- Overbought (+20) and oversold (-20) levels for quick reference.
2. **Multi-Normalized MACD**:
- Offers six normalization methods for MACD, allowing traders to tailor the output to their strategy:
- Normalized Volume Weighted MACD (unbounded).
- Min-Max Normalization (bounded).
- Volatility Normalization (unbounded, volatility-adjusted).
- Volatility Normalization with Min-Max (bounded).
- Hyperbolic Tangent Normalization (bounded).
- Arctangent Normalization (bounded).
- Min-Max with Smoothing (bounded).
- All bounded methods scale to the user-defined range (default: -50 to +50), ensuring comparability with VW-RSI.
- Dynamic color changes for MACD line (lime/red) and histogram (aqua/blue/red/maroon) based on momentum and signal line crosses.
3. **Stepped Plotting Mode**:
- Optional mode to plot RSI and MACD as discrete, stepped lines, reducing noise by only updating when values change significantly (configurable thresholds).
- Ideal for traders focusing on clear, actionable signal changes.
4. **Multi-Timeframe Support**:
- Configurable timeframe input (default: chart timeframe) for analyzing RSI and MACD on higher or lower timeframes, enhancing cross-timeframe strategies.
5. **Customizable Display**:
- Toggle options to show/hide MACD line, signal line, histogram, and cross dots.
- Bollinger Bands for RSI smoothing (optional) with adjustable standard deviation multiplier.
- Clear visual cues with horizontal lines for overbought/oversold levels, midline, and MACD bounds.
**Usage Instructions**
1. **Add to Chart**: Apply the indicator to any symbol (e.g., BTCUSD, SPY) on any timeframe (1H, 1D, etc.).
2. **Configure Settings**:
- **General**: Adjust `Lower Bound` (-50 default) and `Upper Bound` (+50 default) for the output range. Set `Timeframe` for MTF analysis. Enable `Stepped?` for discrete plotting.
- **RSI**: Choose `Price Source` (default: ohlc4), `RSI Length` (default: 9), and smoothing options (e.g., EMA, Bollinger Bands). Adjust `RSI Diff Threshold` for stepped mode.
- **MACD**: Select `Price Source`, `Fast Length` (9), `Slow Length` (21), `Signal Length` (9), and a normalization method (default: Volatility Min-Max). Adjust `MACD Diff Threshold` for stepped mode.
- **Display Options**: Toggle MACD components and histogram colors for clarity.
3. **Interpretation**:
- **VW-RSI**: Watch for crosses above +20 (overbought) or below -20 (oversold) for potential reversals. Use smoothed RSI or Bollinger Bands for trend confirmation.
- **MACD**: Look for MACD/Signal line crosses (dots indicate crossings) and histogram changes for momentum shifts. Bounded normalizations align with RSI for unified analysis.
- **Stepped Mode**: Focus on significant changes in RSI/MACD for clearer signals.
4. **Companion Overlay**: For visualization on the main price chart, use the companion script "VW-RSI & MACD Price Overlay" (available separately, requires this script to be published). It plots RSI and MACD as price-scaled echo lines, with toggles to show/hide and customizable scaling (high/low or ATR).
**Who Is This For?**
- **Trend Traders**: Use MACD normalizations and MTF to identify momentum shifts across timeframes.
- **Mean-Reversion Traders**: Leverage VW-RSI’s overbought/oversold signals for entry/exit points.
- **Technical Analysts**: Customize normalization and smoothing to match specific market conditions.
- **All Markets**: Works on stocks, forex, cryptocurrencies, and more, with any timeframe.
**Notes**
- Unbounded MACD normalizations (`enable_nvw`, `enable_vol`) may produce values outside -50/+50, suitable for volatility-focused strategies.
- For price chart overlay, publish this script and use its ID in the companion script’s `request.security` call.
- Adjust scaling inputs in the companion script for optimal visualization on volatile or stable assets.
**Author’s Note**
Developed by NEPOLIX, this indicator combines volume-weighted precision with flexible normalization for robust technical analysis. Feedback and suggestions are welcome to enhance future versions!
Informacje o Wersji
### Description for Publishing: Volume-Weighted RSI & Multi-Normalized MACD**Overview**
The "Volume-Weighted RSI & Multi-Normalized MACD" indicator is a powerful and versatile tool designed for traders seeking enhanced momentum and trend analysis. Combining a volume-weighted Relative Strength Index (VW-RSI) with a customizable Moving Average Convergence Divergence (MACD) featuring multiple normalization methods, this indicator provides deep insights into market dynamics. It supports multi-timeframe (MTF) analysis and includes an optional stepped plotting mode for discrete signal visualization, making it ideal for both trend-following and mean-reversion strategies across various markets (stocks, forex, crypto, etc.).
**Key Features**
1. **Volume-Weighted RSI (VW-RSI)**:
- A modified RSI that incorporates trading volume for greater sensitivity to market activity.
- Normalized to a user-defined range (default: -50 to +50) for consistent analysis.
- Optional smoothing with multiple moving average types (SMA, EMA, WMA, VWMA, SMMA, or SMA with Bollinger Bands) to reduce noise and highlight trends.
- Overbought (+20) and oversold (-20) levels for quick reference.
2. **Multi-Normalized MACD**:
- Offers six normalization methods for MACD, allowing traders to tailor the output to their strategy:
- Normalized Volume Weighted MACD (unbounded).
- Min-Max Normalization (bounded).
- Volatility Normalization (unbounded, volatility-adjusted).
- Volatility Normalization with Min-Max (bounded).
- Hyperbolic Tangent Normalization (bounded).
- Arctangent Normalization (bounded).
- Min-Max with Smoothing (bounded).
- All bounded methods scale to the user-defined range (default: -50 to +50), ensuring comparability with VW-RSI.
- Dynamic color changes for MACD line (lime/red) and histogram (aqua/blue/red/maroon) based on momentum and signal line crosses.
3. **Stepped Plotting Mode**:
- Optional mode to plot RSI and MACD as discrete, stepped lines, reducing noise by only updating when values change significantly (configurable thresholds).
- Ideal for traders focusing on clear, actionable signal changes.
4. **Multi-Timeframe Support**:
- Configurable timeframe input (default: chart timeframe) for analyzing RSI and MACD on higher or lower timeframes, enhancing cross-timeframe strategies.
5. **Customizable Display**:
- Toggle options to show/hide MACD line, signal line, histogram, and cross dots.
- Bollinger Bands for RSI smoothing (optional) with adjustable standard deviation multiplier.
- Clear visual cues with horizontal lines for overbought/oversold levels, midline, and MACD bounds.
**Usage Instructions**
1. **Add to Chart**: Apply the indicator to any symbol (e.g., BTCUSD, SPY) on any timeframe (1H, 1D, etc.).
2. **Configure Settings**:
- **General**: Adjust `Lower Bound` (-50 default) and `Upper Bound` (+50 default) for the output range. Set `Timeframe` for MTF analysis. Enable `Stepped?` for discrete plotting.
- **RSI**: Choose `Price Source` (default: ohlc4), `RSI Length` (default: 9), and smoothing options (e.g., EMA, Bollinger Bands). Adjust `RSI Diff Threshold` for stepped mode.
- **MACD**: Select `Price Source`, `Fast Length` (9), `Slow Length` (21), `Signal Length` (9), and a normalization method (default: Volatility Min-Max). Adjust `MACD Diff Threshold` for stepped mode.
- **Display Options**: Toggle MACD components and histogram colors for clarity.
3. **Interpretation**:
- **VW-RSI**: Watch for crosses above +20 (overbought) or below -20 (oversold) for potential reversals. Use smoothed RSI or Bollinger Bands for trend confirmation.
- **MACD**: Look for MACD/Signal line crosses (dots indicate crossings) and histogram changes for momentum shifts. Bounded normalizations align with RSI for unified analysis.
- **Stepped Mode**: Focus on significant changes in RSI/MACD for clearer signals.
4. **Companion Overlay**: For visualization on the main price chart, use the companion script "VW-RSI & MACD Price Overlay" (available separately, requires this script to be published). It plots RSI and MACD as price-scaled echo lines, with toggles to show/hide and customizable scaling (high/low or ATR).
**Who Is This For?**
- **Trend Traders**: Use MACD normalizations and MTF to identify momentum shifts across timeframes.
- **Mean-Reversion Traders**: Leverage VW-RSI’s overbought/oversold signals for entry/exit points.
- **Technical Analysts**: Customize normalization and smoothing to match specific market conditions.
- **All Markets**: Works on stocks, forex, cryptocurrencies, and more, with any timeframe.
**Notes**
- Unbounded MACD normalizations (`enable_nvw`, `enable_vol`) may produce values outside -50/+50, suitable for volatility-focused strategies.
- For price chart overlay, publish this script and use its ID in the companion script’s `request.security` call.
- Adjust scaling inputs in the companion script for optimal visualization on volatile or stable assets.
**Author’s Note**
Developed by NEPOLIX, this indicator combines volume-weighted precision with flexible normalization for robust technical analysis. Feedback and suggestions are welcome to enhance future versions!
Informacje o Wersji
NASkrypt open-source
W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Skrypt open-source
W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.